Reuters Money: July 25, 2017

Click to View in Browser Tuesday, July 25, 2017 Exclusive: Goldman Sachs retreats from ETF lead market making NEW YORK (Reuters) - Goldman Sachs Group Inc is pulling back substantially from trading that helps backstop the fast-growing use of U.S. exchange-traded funds, giving smaller firms an opportunity to grab market share. Wells Fargo asks court to require client information be returned NEW YORK (Reuters) - Wells Fargo & Co has asked judges in New York and New Jersey to require a lawyer representing a former employee to immediately return reams of client information the bank mistakenly sent to the attorney, a bank spokeswoman said on Monday. Direct lending funds' fading all-weather appeal NEW YORK (Reuters) - Miami-area money manager Bob Press appears to offer the ultimate all-weather investment: a "direct lending" hedge fund that does not require a long-term commitment and has produced nearly 90 straight months of positive returns not correlated to other markets. Carlyle seeks $15 billion for its seventh U.S. buyout fund: Bloomberg (Reuters) - Private equity firm Carlyle Group LP is looking to raise $15 billion for its next U.S. buyout fund, Bloomberg reported on Monday, citing people familiar with the matter. Global investors turn to stocks - canny bet or market top?: James Saft With equity indexes at all-time highs, global mutual fund and ETF investors may be choosing now as the time to reverse a long-running move into bonds and out of equities. U.S. attempt to limit Wall Street bonuses fizzles out quietly (This July 20 story corrects name to National Association of Federally-Insured Credit Unions in paragraph ten) Japan's Mizuho chooses Frankfurt for post-Brexit EU hub TOKYO (Reuters) - Japan's Mizuho Financial Group said it would set up a subsidiary in Frankfurt, the latest Japanese bank to choose the German city as its new base in the European Union as Britain prepares to leave the bloc, termed Brexit. Rathbone Brothers first-half pretax profit up 16.7 percent LONDON (Reuters) - British wealth manager Rathbone Brothers plc posted a 16.7 percent rise in first-half pretax profit on Tuesday, boosted by market gains and a rise in assets under management. Wells Fargo ordered to pay $575,000, reinstate whistleblower (Reuters) - The U.S. Department of Labor on Friday ordered Wells Fargo & Co to pay $575,000 and to rehire a whistleblower the bank had dismissed in September 2011 after the former employee raised concerns over the opening of customer accounts without their knowledge, the agency said in a statement. Clouds forming over top fund managers' sunny investment calls LONDON (Reuters) - Stock prices climbing ever higher as interest rates and volatility plumb rock bottom: for some of the world's top asset managers, the investment outlook is as good as it gets. Related News McDonald's, Caterpillar power S&P to record Michael Kors to buy luxury shoemaker Jimmy Choo for $1.2 billion A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook